The WTI crude oil price retreated sharply, reaching its lowest level since April, after the United States reached a ceasefire agreement with Iran. It sank to $80, down significantly from the year-to-date high of $119. Still, there is a risk that Israel will work to undermine the agreement and draw the US back to kinetic
The US dollar lost some of its haven appeal on Monday as investors treated a tentative US-Iran peace framework as a reason to move back into risk assets and reassess the inflation threat from oil. The dollar index touched its weakest level since June 5 before steadying around 99.55 in Asia. The euro rose to
The US–Iran agreement to reopen the Strait of Hormuz has eased immediate fears of supply disruption, but analysts warn it will take months before global oil and gas trade flows normalise. The deal, reached after weeks of escalating hostilities, is expected to reduce risks in one of the world’s most critical energy corridors. Yet shipowners,
Humanity Protocol’s H token has recovered more than 300% from its post-exploit low, reviving speculation over whether the digital identity project’s token can climb back above the $0.80 level reached before last week’s security breach. According to CoinGecko data, H fell from around $0.70 to below $0.10 between June 8 and June 9 after an
Nvidia stock edged lower on Friday even as the chipmaker continued to expand its global artificial intelligence footprint through new partnerships, product initiatives, and growing demand for its next-generation processors. Shares of Nvidia NVDA slipped 0.18% during trading. The modest decline came despite a series of developments that highlighted the company’s efforts to strengthen its
Seagate Technology Holdings (STX) shares climbed sharply on Friday as investors responded positively to the company’s efforts to strengthen its balance sheet and capitalize on growing demand for data storage driven by artificial intelligence. The data storage manufacturer saw its stock rise 8.3% in trading after announcing plans to redeem all outstanding 3.50% Exchangeable Senior
Micron Technology (MU) shares edged lower on Friday as investors weighed valuation concerns and rising expectations ahead of the memory-chip maker’s upcoming earnings report. However, demand for artificial intelligence-related memory products continued to support the company’s long-term growth outlook. Micron stock fell 1.43% on Friday after Goldman Sachs raised its price target on the company
US stocks closed higher on Friday as investors welcomed signs of progress toward a potential peace agreement between the United States and Iran, while SpaceX’s blockbuster market debut added to positive sentiment across Wall Street. The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to close at 51,202.26. The S&P 500 gained 0.5% to
The Federal Reserve’s June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent inflation pressures
Gold prices have come under significant pressure in recent days, dropping close to the psychologically important $4,000 per troy ounce level for the first time since November 2025. As the Federal Reserve prepares for its first meeting under new Chair Kevin Warsh, the precious metal finds itself at a critical juncture where monetary policy signals